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Nov 30, 2012
11/12
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KPIX
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it's about the "fiscal cliff" on wall street but we have a number of positive signals on the economy. consumer spending did pull back in october according to the commerce department by 2/10 this is the of a percent following an 8/10th of a percent of gain in the previous month. superstorm sandy depressed spending. unless holiday sales soar over the 4th quarter it's going to be tough for the economy to continue the gain of 2.7% that the commerce department reported in the 3rd quarter yesterday. stockton focused on any talks out of d.c. -- stock market focused on any talks out of d.c. on the "fiscal cliff." the dow over 13,000. pretty modest start to the day today. right now the dow is up by 5 points. nasdaq though falling by 3. s&p down by one. social game maker zynga getting hit hard after announcing it and facebook are changing their partnership. zynga down 7.5%, facebook down slightly. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> a tale of two uncomfortable pairings. first the san francisco 49ers with two starting quarterbacks. and a power lunch betwe
it's about the "fiscal cliff" on wall street but we have a number of positive signals on the economy. consumer spending did pull back in october according to the commerce department by 2/10 this is the of a percent following an 8/10th of a percent of gain in the previous month. superstorm sandy depressed spending. unless holiday sales soar over the 4th quarter it's going to be tough for the economy to continue the gain of 2.7% that the commerce department reported in the 3rd quarter...
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185
Nov 30, 2012
11/12
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KPIX
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it's had more impact on the economy. >> yeah. americans cut back on spending last month and their income stayed flat and with more on that let's join ashley morrison of cbsmoneywatch.com. she's in new york city. ashley, are you there? good morning. >> reporter: good morning, frank and michelle. yes. we're keeping our eye on the "fiscal cliff" this morning and the markets are changing as we speak. but earlier this morning asian markets rallied on gains by exporters and year end buying. tokyo's nikkei gained .5% to close out a 7 month high while hong kong's hang seng also rows .5%. >>> on wall street, stocks ended modestly higher on homes of a budget deal and on encouraging economic reports. dow was up 36 on thursday. the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the
it's had more impact on the economy. >> yeah. americans cut back on spending last month and their income stayed flat and with more on that let's join ashley morrison of cbsmoneywatch.com. she's in new york city. ashley, are you there? good morning. >> reporter: good morning, frank and michelle. yes. we're keeping our eye on the "fiscal cliff" this morning and the markets are changing as we speak. but earlier this morning asian markets rallied on gains by exporters and year...
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Nov 30, 2012
11/12
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KRON
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economy. an effect on consumer spending in october. spending dropped 0.2% in october and that is down from an increase of 0.8% in september. it is a week is selling for consumer spending since may. it represents 70 percent of the u.s. economy. incomes also remain flat for the month of october. the dow was down a few points right now, it is affecting the market. letting social laying off 400 employees. it is being called the latest sign of trouble for the online coupon sector. this is just after amazon reported a loss from living social. a spokesperson wake of suggestions from critics that the daily online deal sites are all of them. we'll be right back as the kron4 morning news continues. a live look as we're watching some berries heavy rain in san jose at the 87 or cross. traffic is bumper-to-bumper, you can see the tail lights. you disgust me. prove it. enough is enough. d-con no view, no touch trap snaps to kill instantly. no looking, no touching. d-con. get out. [ male announcer ] it's no secret that the price of things just keeps
economy. an effect on consumer spending in october. spending dropped 0.2% in october and that is down from an increase of 0.8% in september. it is a week is selling for consumer spending since may. it represents 70 percent of the u.s. economy. incomes also remain flat for the month of october. the dow was down a few points right now, it is affecting the market. letting social laying off 400 employees. it is being called the latest sign of trouble for the online coupon sector. this is just after...
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168
Nov 28, 2012
11/12
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KRON
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that is what our economy needs is what the american people deserve. if we get this part of it right then all lot of the other issues surrounding deficit reduction in a fair and balanced impossible way will be a whole lot easier. if we get this wrong the economy as a plan to go south and it will be much more difficult for us to balance our budgets and deal with our deficits because if the economy is not strong that means more money is going out and things like unemployment insurance and less money is coming and. it actually makes our deficit worse. we need to get this right. i need help from the american people. close on members of congress's facebook wall used twitter. we have a few things to get done and we could get it done tomorrow. optimistically i don't think will get it done tomorrow. but if everybody here goes out of their way to make their voices heard and spread the word to your friends and family and co- workers and neighbors, i am confident we will get it done. we will get america back on track and not just heard next year but for many year
that is what our economy needs is what the american people deserve. if we get this part of it right then all lot of the other issues surrounding deficit reduction in a fair and balanced impossible way will be a whole lot easier. if we get this wrong the economy as a plan to go south and it will be much more difficult for us to balance our budgets and deal with our deficits because if the economy is not strong that means more money is going out and things like unemployment insurance and less...
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Dec 5, 2012
12/12
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KTVU
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trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that president obama is not serious about negotiating. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:17. we asked some people in the bay area whether they think the president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to back down from. i d
trying to convince these business leaders that he has a plan to avoid the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal....